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The Scotiabank Platinum American Express Card should not be overlooked Jan 7th
There is one Ultra Premium credit card that just can’t seem to get the spotlight, even with it having some significant changes in 2022, it quickly falls into the shadows of other cards. That card is the Scotiabank Platinum American Express card. A sleeping giant in our market, the card fills a.... More »
Hurricane Irma: Cuba’s devastation in photos + MORE Sep 11th
CAIBARIEN, Cuba — Hurricane Irma ripped roofs off houses, collapsed buildings and flooded hundreds of miles of coastline as it raked Cuba after cutting a trail of destruction across the Caribbean. It has killed at least 24 people and has officials scrambling to bring aid on Sunday.
These photos sh.... More »
Best credit cards for airport lounge access 2022 + MORE Apr 14th
For a frequent traveller, lounge access can vastly improve air travel, especially if you have to make multiple flight connections. On a long-distance trip with layovers, having access to food and drinks, a quiet place to rest, entertainment, a business centre and even a shower during a stop on your .... More »
Luxury hotel collections guide + MORE Nov 1st
Luxury hotel collections associated with certain travel credit cards offer perks like free room upgrades and meals or late checkout. Here's how these hotel collections work and what cards you can use to unlock their benefits..... More »
How to restore credit after maxing out cards Dec 2nd
Reaching a 100 percent utilization due to maxed-out cards can hurt your credit score. To give it a boost, pay off balances and rein in spending..... More »
How to check a small business's credit report
– creditcards.com
Good credit will affect the interest rates lenders give you when you apply for a loan.
Penalty for holding dividend stocks in a TFSA?
– moneysense.ca
Q: I hold blue-chip stocks that pay a dividend in my TFSAs. I have been told by a friend that I will be penalized for this. What does he mean?
— Morgan
A: “Penalized” is a strong word, but there are some tax issues to be aware of when you hold dividend stocks in a TFSA.
Let’s start with one of the most common misunderstandings: that holding Canadian stocks in a TFSA (or an RRSP) means you’re forfeiting the dividend tax credit. Canadian dividends are taxed favourably: an Ontario investor who earns $50,000 would pay just $64 in taxes on an additional $1,000 in Canadian dividends after accounting for the tax credit. That same $1,000 in interest income would come with a tax bill of almost $300. That’s why, if your TFSA and RRSP are both maxed out, it often does make sense to hold Canadian stocks in a non-registered account and use the TFSA and RRSP for assets that are taxed less favourably.
However, if you have plenty of room in your TFSA, there’s nothing wrong with holding Canadian blue chips there…
Canada’s Prime Minister Justin Trudeau takes part in a town hall with high school students in Ottawa, Ontario, Canada, November 3, 2016. (Chris Wattie/Reuters)Few saw the one-two punch thrown by global politics in 2016 coming. Like a set-up jab to the body, Brits voted to exit the European Union. And then, like an even harder follow-up cross to the head, Americans voted Donald Trump into the presidency. The world was left seeing stars. But maybe, if this isn’t giving Canada’s most famous boxer too much credit as a fight strategist, we might have braced ourselves for the blows if we’d been listening more closely to Justin Trudeau.
Back in 2014, Trudeau delivered a key early speech as Liberal leader to his party’s policy convention in Montreal. His main message was that middle-class families hadn’t reaped enough of the benefits of three decades of economic policy that stressed freer trade, globalized investments flows, and low government deficits. “Here’s the point,” Trudeau said…
Canada’s Prime Minister Justin Trudeau takes part in a town hall with high school students in Ottawa, Ontario, Canada, November 3, 2016. (Chris Wattie/Reuters)Few saw the one-two punch thrown by global politics in 2016 coming. Like a set-up jab to the body, Brits voted to exit the European Union. And then, like an even harder follow-up cross to the head, Americans voted Donald Trump into the presidency. The world was left seeing stars. But maybe, if this isn’t giving Canada’s most famous boxer too much credit as a fight strategist, we might have braced ourselves for the blows if we’d been listening more closely to Justin Trudeau.
Back in 2014, Trudeau delivered a key early speech as Liberal leader to his party’s policy convention in Montreal. His main message was that middle-class families hadn’t reaped enough of the benefits of three decades of economic policy that stressed freer trade, globalized investments flows, and low government deficits. “Here’s the point,” Trudeau said…
